Martínez, Carolina Cosculluela; Frutos, Rafael Flores de - Facultad de Ciencias Económicas y Empresariales, … - 2010
This paper studies dynamic responses of employment and GDP growth to a permanent, uni-tary shock in the housing capital stock for the Spanish economy. It quantifies the importance of this variable in the boom experienced by the Spanish economy during the pre-crisis years. Results confirm that...